Fed's Bullard: If Tariffs Lead to a Significant Slowdown, I Would Tend to Ease Sooner and More Aggressively

On April 16, spot gold surged to above $3280 per ounce, reaching a brand-new all-time high. The price increased by $50 within the same day.

On April 16th, former US President Biden delivered a public speech, stating, "Within less than 100 days, this administration has brought about such tremendous destruction and devastation. They have launched a full-scale attack on the Social Security Administration. It is really remarkable." In his speech, Biden also criticized the tone of the new administration, claiming that it is out of line with American values. He said that Americans "do not think that sympathy is a sign of weakness" and "do not think that cruelty is a sign of strength." (Golden Finance)

On April 16th, President Trump has set in motion a requisite investigation into the levying of tariffs on crucial minerals. This is the latest action in the escalating trade war that is targeting the key sectors of the global economy. According to a summary from the White House, the order signed by Trump on Tuesday instructed the Secretary of Commerce to commence a Section 232 investigation under the 1962 Trade Expansion Act. The purpose of this investigation is to "assess the impact of importing these materials on U.S. national security and resilience." If the Secretary of Commerce determines that imported critical minerals pose a threat to "national security," the President will decide to impose tariffs. This would replace the so-called reciprocal tariffs that Trump imposed on U.S. trading partners earlier this month. The order pertains to key minerals, including rare earth elements, which are regarded as the "cornerstone of the U.S. defense industrial base." These minerals are ess

On April 16th, according to the monitoring of Farside Investors, yesterday the net inflow of the US Bitcoin spot ETF was $76.4 million. Among them, the net inflow of BlackRock's BIT was $38.2 million.

On April 16th, according to official channels, Grok has rolled out the initial version of Grok Studio. By means of this version, users are capable of generating documents, code, reports, and browser games. If users utilize Grok to generate code, they can promptly observe its execution status within the "Preview" tab. Users are able to preview HTML code fragments and execute Python, C++, JavaScript, TypeScript, and Bash scripts.

April 16th. As per Farside Investors, yesterday, the net outflow of the US Ethereum spot ETF was $14.2 million. Among them, $3.6 million flowed out from FETH (Fidelity) and $10.6 million flowed out from ETHE (Grayscale).